QuoteReplyTopic: 10 American Financial Meltdowns in the 20 Century Posted: 06-Nov-2008 at 21:12
Banks failed, stock prices collapsed, and panic descended
on Wall Street. Americans were holding their collective breath as a rescue
plan was hastily drafted. The 2008 financial crisis? Nope - it was the
Panic of 1907, and again in 1929, 1987, and so on.
Since its independence more than 230 years ago, the United States has
grown to have the largest economy in the world (GDP of $13.8 trillion
as of 2007, by the way. That's $13,800,000,000,000). But we didn't get
there without quite a few bumps on the road.
To put today's economic trouble into perspective, let's take a look at
the 10 financial disasters in the United States in the past century
I found this very interesting site. Any objections with it?
"There are worse crimes than burning books. One of them is not reading them. "
--- Joseph Alexandrovitch Brodsky, 1991, Russian-American poet, b. St. Petersburg and exiled 1972 (1940-1996)
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot delete your posts in this forum You cannot edit your posts in this forum You cannot create polls in this forum You cannot vote in polls in this forum